Gaz-System to launch binding season for additional Gdansk FSRU terminal capacity

Poland’s Gaz-System plans to launch a binding season in the second quarter for additional capacity at the planned FSRU-based LNG import project in Gdansk Bay following a successful non-binding market test.

Last month, Gaz-System launched the non-binding season for the FSRU-based project as it looks to add about 4.5 bcm of annual regasification capacity to the already planned capacity of 6.1 bcm per year.

Gaz System said in a statement last week that the market screening procedure took place from March 6 to March 20.

The firm assessed both the demand for additional regasification capacity and the interest in export of regasified LNG towards Slovakia, Lithuania, Denmark, Germany, as well as the Czech Republic and Ukraine, it said.

“The evaluation of the questionnaires submitted during the procedure and the indicated non-binding level of demand confirms the market’s interest in the increased regasification capacity of the FSRU terminal, as well as in the export of regasified LNG in the region, and provides a basis for further analysis by the operator,” it said.

Gaz-System added that it plans to launch the binding open season during the second quarter of this year.

Gaz-System to launch binding season for additional Gdansk FSRU terminal capacity
Image: Gaz-System

LNG imports rising

The firm already operates Poland’s first LNG import terminal in Swinoujscie, while the country’s dominant gas firm PGNiG, now part of PKN Orlen, is in charge for all the supplies.

Poland’s LNG imports via the Swinoujscie terminal rose 57 percent in 2022 when compared to the year before, boosted by shipments from the US.

The Gdansk project would be the second LNG import terminal in Poland and the first FSRU-based facility in the country.

Following a binding season launched in 2021, PGNiG also showed interest to book capacity in this LNG terminal in Gdansk Bay.

Earlier this year, Gaz-System also provided an update regarding both the onshore and offshore parts of the project.

- Advertisements -

Most Popular

Cedar LNG FID pushed back

Canada’s Pembina Pipeline and the Haisla Nation have again postponed a final investment decision on their Cedar floating LNG...

Eni to ship Congo’s first LNG cargo

Italy’s Eni will soon ship the first liquefied natural gas cargo from its Tango floating LNG facility moored in...

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

More News Like This

Poland’s Gaz-System picks MOL to provide Gdansk FSRU

Poland's Gaz-System has selected Japan's MOL as the preferred shipowner to time charter out a floating storage and regasification...

Orlen: Polish LNG imports continue to rise

Poland’s LNG imports via the Swinoujscie terminal rose almost 6 percent in 2023 compared to the year before, boosted...

Gaz-System’s second Gdansk FSRU fails to secure sufficient capacity bookings

Poland's Gaz-System said it had not received binding capacity orders at a "sufficient level" to proceed with the implementation...

BW LNG, MOL shortlisted to provide Poland’s first FSRU

Oslo-based BW LNG, a unit of Singapore's BW, and Japan's MOL have been shortlisted by Gaz-System to provide Poland's...